Trimble Inc. (NASDAQ:TRMB) Stock Has Consensus Price Target of $79.56

Trimble Inc. (NASDAQ:TRMB) has earned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $79.56.

TRMB has been the subject of several research reports. Sanford C. Bernstein decreased their target price on Trimble from $85.00 to $73.00 and set an “outperform” rating for the company in a research report on Thursday, August 13th. Weiss Ratings upgraded shares of Trimble from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Loop Capital began coverage on Trimble in a report on Monday. They issued a “buy” rating and a $76.00 price objective on the stock. Raymond James Financial cut Trimble from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Finally, Wall Street Zen upgraded shares of Trimble from a “hold” rating to a “buy” rating in a research report on Saturday, October 24th.

Insider Activity at Trimble

In related news, Director Kaigham Gabriel sold 1,718 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $60.00, for a total transaction of $103,080.00. Following the completion of the transaction, the director directly owned 17,426 shares in the company, valued at $1,045,560. This represents a 8.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.59% of the company’s stock.

Institutional Trading of Trimble

A number of large investors have recently bought and sold shares of the business. Frazier Financial Advisors LLC bought a new position in shares of Trimble during the 2nd quarter worth $25,000. Root Financial Partners LLC purchased a new position in shares of Trimble during the third quarter valued at about $28,000. Vega Investment Solutions purchased a new position in shares of Trimble during the second quarter valued at about $29,000. Global Retirement Partners LLC purchased a new position in shares of Trimble during the second quarter valued at about $45,000. Finally, SBI Securities Co. Ltd. raised its stake in Trimble by 32.4% in the third quarter. SBI Securities Co. Ltd. now owns 814 shares of the scientific and technical instruments company’s stock worth $46,000 after buying an additional 199 shares in the last quarter. 93.21% of the stock is currently owned by institutional investors and hedge funds.

Trimble Stock Down 0.6%

Shares of NASDAQ:TRMB opened at $64.94 on Wednesday. The stock has a 50-day simple moving average of $59.83 and a 200-day simple moving average of $60.94. The stock has a market capitalization of $15.14 billion, a P/E ratio of -132.53, a PEG ratio of 2.11 and a beta of 1.34. Trimble has a 1 year low of $47.92 and a 1 year high of $84.42. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.95.

Trimble (NASDAQ:TRMB) last announced its quarterly earnings results on Wednesday, August 12th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. The firm had revenue of $972.00 million during the quarter, compared to analysts’ expectations of $952.09 million. Trimble had a negative net margin of 2.77% and a positive return on equity of 12.29%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.71 EPS. Trimble has set its Q3 2026 guidance at 0.830-0.880 EPS and its FY 2026 guidance at 3.600-3.700 EPS. Equities analysts forecast that Trimble will post 3.10 earnings per share for the current year.

About Trimble

Trimble Inc develops technology solutions that connect the physical and digital worlds across construction, geospatial, transportation, agriculture, natural resources and other industrial markets. Its portfolio combines positioning technologies, field and office software, data services, connected devices and autonomous or machine-control systems to help customers plan, measure, build, manage and maintain physical assets.

The company’s products and services include surveying and mapping equipment, global navigation satellite system and positioning technologies, construction modeling and project-management software, machine-control systems, fleet and transportation-management solutions, and agricultural guidance and precision-farming tools.